Setting up a ready made company

When forming a new limited company, there are many tasks which have to be done so that you can start trading and making money. Not only will a company name have to be registered with Companies House as well as determining both a registered office and registered address but you will also have to fill in a lot of paperwork. However, the traditional way of forming a new company isn’t the only solution when you want to start a limited company.

Readymade companies are very helpful

Similar to buying a meal from a fast food restaurant, readymade UK companies provide you with the opportunity to trade soon after it has been purchased. Many businesses already have readymade UK companies which can be chosen and then used to trade after only a couple of hours.

What is provided in readymade UK companies?

Choosing a readymade company cuts out a third party because it already exists. A readymade company has a name and you won’t have to check the registrar’s index of company names because a suitable and valid name has been chosen. Many important documents are also provided for readymade UK companies such as:

A Certificate of Incorporation

Share transfer forms

Forms to appoint new directors and a secretary

Forms to change the registered office and registered address

A form to change the accounting reference date

Copies of Memorandum of Association and Articles of Association

A limited company is required by law to have these documents. However, as they already exist, you won’t have to spend a significant amount of time obtaining them yourself. As a list of limited company names which haven’t been taken can be provided, you can pick and choose the name you prefer to have.

How much do readymade UK companies cost?

As a business that specialises in readymade companies has already completed the necessary steps to register a limited company, you must remember that it does cost money in order to do this. As these businesses typically register a company online, the overall cost which is passed onto their customers is much lower. Although the actual price for a readymade company varies from one business to another, the average cost can be as little as £150. That’s not a bad price to pay, especially as you can start to trade under that name after only a few hours of choosing it.

Although personally forming a limited company can give you more control, choosing readymade UK companies will save time. After all, time is money and if you have a great idea for a limited company, you can start to utilise it because of a readymade company.